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previously allowed by respondent combined with the claimed deductions
now conceded is as follows:
Total Deductions Allowed by Respondent
1987 1988
Business Deductions:
Business Interest $ 32,063 $ 32,598
Depreciation/Lakeway 4,890 20,770
Miscellaneous 48,870 161,234
Itemized Deductions:
Mortgage Interest 15,965 27,397
Taxes 2,697 5,076
Total $104,485 $247,075
Deductions Still in Dispute
For 1987 and 1988, petitioner still disputes respondent's
disallowance of the following business and itemized deductions
claimed on petitioner’s Federal income tax returns:
Deductions Still in Dispute
1987 1988
Business Deductions:
Business Interest $117,074 $37,024
Bad Debt Deduction 22,826 --
Miscellaneous 27,135 21,318
Itemized Deductions:
Medical -- 16,321
Charitable Contrib. -- 2,300
Total $167,035 $76,963
Additional Deductions Claimed by Petitioner and Still in Dispute
For 1987 and 1988, petitioner on brief, and without properly
raising such items, claims additional deductions, as follows:
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